Purchase real estate - with a sufficient down payment (25% or more), you can secure a new 1st mortgage with a hard money loan
»
Refinance a loan - to obtain cash from equity, pay off a balloon mortgage, refinance a delinquent loan to prevent a foreclosure, pay off a Chapter 13 bankruptcy, and others. You need at least 25% or more residual equity left in the property after the new loan, including points and fees, to qualify
»
Add a 2nd or 3rd mortgage - hard money loans can be used as subordinate financing to existing 1st mortgages for cash out for debt consolidation, remodeling, repairs, business loans, investments, or for any other reason
»
Secure a bridge loan to purchase new real estate before selling your current property
»
To complete construction or rehabilitation on residential or commercial property
Note: The amount of required equity for hard money loans varies by property type and investor.
We are seeking established investors. For more info, click here.
INTEREST RATES CAN
CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS
AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY.
Loan programs, amounts, rates and terms are subject to change without
notice. Loan approval is not guaranteed and all loan applications
are subject to verification of acceptable credit, income, employment,
lien position and value of collateral in the sole discretion of
Hanover Mortgage Company. Flood and/or property hazard insurance
may be required. Additional fees, conditions, restrictions and
limitations may apply. Not all programs are available in all areas.
The interest rate for adjustable rate mortgage loans is subject
to increase. Please contact Hanover Mortgage Company to determine
your eligibility for a specific loan product. Hanover Mortgage
is a Mortgage Broker. Mortgage Broker fees will apply unless stated
otherwise. California Department of Real Estate, real estate broker
license number 01410448. Disclosure: Money invested through a mortgage
broker is not guaranteed to earn any interest or return and is
not insured. State law dictates that we acknowledge that interest
on trust deeds is not guaranteed. No investment is completely risk
free and past performance is not a guarantee of future results.
Before investing, investors must be provided applicable disclosure
documents. "Hanover
Mortgage does not offer financing for those transactions defined
as ‘Covered Loans’ or ‘High Cost loans’ in any state or federal law." Privacy Policy • Safeguards
Policy • Equal Housing Opportunity • Copyright 1998 - 2005
Hanover Mortgage Company. All Rights Reserved.
